EU Seeks Ways to Seize Part of Russia’s Frozen $280 Billion

Bloomberg News

Summary

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After Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking $300-$350 billion of sovereign Russian assets, mostly European, U.S. and British government bonds held in a European securities depository.
The Gazette
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Swathes of eastern Ukraine have been devastated by the war and hundreds of thousands of soldiers killed or injured on both sides while millions of Ukrainians have fled to European countries or Russia.
Daily Mail
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The Kremlin may allow $300 billion (€287 billion) of its sovereign assets frozen in Europe to go towards the reconstruction of post-war Ukraine, Reuters reported on Friday.
Novaya Gazeta. Europe
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The European Union is studying additional ways to use Russian assets frozen on its territory, including their seizure, to compensate Ukraine for damages.
Ukrainska Pravda

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